OMAHA (DTN) -- Average retail prices for all but one of the eight major fertilizers were lower than last month in the first week of June 2024, according to sellers surveyed by DTN. But for the first time in four weeks, no fertilizer saw a significant price move, which DTN designates as anything 5% or more.
Prices for seven of the eight major fertilizers were down from last month. DAP had an average price of $781 per ton, MAP $827/ton, potash $508/ton, urea $535/ton, anhydrous $757, UAN28 $353/ton and UAN32 $406/ton.
One fertilizer was just slightly higher in price from last month. That was 10-34-0, which had an average price of $642/ton.
On a price per pound of nitrogen basis, the average urea price was at $0.58/lb.N, anhydrous $0.46/lb.N, UAN28 $0.63/lb.N and UAN32 $0.63/lb.N.
All fertilizers are lower compared to one year ago. MAP is 1% lower, anhydrous is 4% less expensive, DAP is 5% lower, 10-34-0 is 13% lower, both urea and UAN28 are now 14% less expensive, UAN32 is 15% lower and potash is 18% lower compared to a year prior.
May 2023 | May 2024 | June 2024 | |
UAN28 | $413/ton | $364/ton | $356/ton |
Anhydrous | $791/ton | $794/ton | $758/ton |
UAN32 | $478/ton | $418/ton | $406/ton |
Urea | $622/ton | $585/ton | $537/ton |
Potash | $620/ton | $513/ton | $508/ton |
DAP | $824/ton | $781/ton | $781/ton |
MAP | $832/ton | $830/ton | $828/ton |
10-34-0 | $739/ton | $641/ton | $642/ton |
Information sourced from DTN Progressive Farmer
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